OREANDA-NEWS. June 08, 2009. Mr Putin's opening remarks:  Colleagues,  Today we are holding another meeting of the Government commission for control over foreign investment in Russia.

In the first quarter of this year, foreign investment in Russia's economy shrank due to the global financial meltdown and economic downturn. This is already clearly understood.

And yet, despite the crisis, USD 12 billion of foreign investment flowed into the Russian economy in the period January-March.

Let me repeat: although the amount is certainly smaller than last year, it still suggests that foreign partners have maintained confidence in the Russian market's favourable prospects, as well as its post-crisis restoration and growth.

Today the commission is meeting for a third time. Let me remind you that we have earlier handled seven acquisitions of Russian assets, including companies in civil aircraft building, space exploration, commodities and marine transport.

Overall, about 60 clearance requests from foreign investors are being currently considered by the Federal Antimonopoly Service (FAS).

Today we are to consider several requests involving a restructuring of Russia's strategic assets in mining, transport engineering and other industries.

As a result of the deals planned, new owners expect to make the assets more competitive and clear the problems arising from the current recession.

Our task is to consider very carefully how justified their announced business plans are, and whether they comply with the national security requirements established by law.